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There are few commodities that transport a similar amount of value, as does crude oil. It is an ingredient in gasoline, diesel, jet fuel…Continue reading on Medium »
From NIPA accounts: Figure 1: Petroleum and petroleum product exports (blue), imports (red), both in bn.$, SAAR. Source: BEA. For the balance in physical units of crude oil, here’s...
From EIA today: Through yesterday, gasoline (diesel) is 36.2% (34.8%) above pre-War levels, while 11.9% (9%) below prior peak. Oil as of 7/13 was 40.9% below prior (US-Iran wartime...
Oil futures jumped on Friday, presumably will again today — but with refining capacity down, the number(s) to watch might be for refined products (given damage to refineries especi...
See where U.S. oil exports went in 2025, led by the Netherlands and Mexico, as American oil reached major markets across six continents.
Canada! Source: Oilsandsmagazine.com. In fact, in 2025, 61% of total US petroleum imports come from Canada (by dollar value). According to ITA, 100% of Wisconsin imports come from...
“Since everything relies on petroleum in our economy, for good or ill, if the cost of petroleum goes up, then everything else goes up as well."
From the EIA:
Small pumps and truck engines are used to extract crude from the ground in parts of the country, which has tens of thousands of community-run oil wells.
See where U.S. oil imports came from in 2025, with Canada supplying nearly 57% of the 7.9 million barrels of oil imported into the U.S. daily.
Just some good, old fashioned imperialism.
Petrol Price has fallen by up to ₦167 per litre as crude oil declines and more reductions is expected tjhis week.  NewsOnline Nigeria reports that the pump price of Premium Mot...
On Aug. 20, AAA reported that the national average for a gallon of regular gasoline is up 3 cents from last week to $4.10, the highest it’s ever been on this date. In New Jersey, t...
What are crack spreads and why are they elevated? Crack spreads are indicators of the profitability of refining crude oil into petroleum products such as gasoline and diesel. One c...
Texas produced 42.3% of U.S. crude oil in 2025, and the Gulf Coast region accounted for nearly three-quarters of national output.
From Census via ITA: Figure 1: US exports of oil and gas to Canada (blue), US imports of oil and gas from Canada (red), mn.$. Source: Census via ITA.
The era of naira-priced petrol may be ending, as the federal government’s policy on naira for crude oil flops. What follows could reshape inflation, transport costs and the value o...
The price of a barrel of Brent crude fell 0.1% to $88.84. U.S. gasoline prices edged 2 cents higher overnight to a national average of $4.04 per gallon, according to AAA.
Crude prices are down dramatically from their peak earlier this year, but fuel prices have remained elevated.
Refiner Motor Oil’s Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) exceeded €1 billion in the first half of 2026, on the back of strong sales growth and the...
Brent crude, the global benchmark for oil, rose on Monday, while the national average price of gas was $4.15 a gallon.
São Paulo, Brazil – It was 175 kilometers off the coast of the eastern state of Amapá, beneath almost three kilometers of water, that Brazilian state oil giant Petrobras made a di...
२१ भदौ, काठमाडौं । पृथ्वी राजमार्गको कृष्णभिर खण्डमा सडक अवरुद्ध भएपछि नेपाल आयल निगमले वैकल्पिक बाटोबाट काठमाडौँमा पेट्रोलियम पदार्थ र एलपी ग्यास ल्याउन थालिएको जनाएको छ । निगमका...
Petrol sales by IOC, BPCL, and HPCL rose 9.7% to 3.45 million tonnes in July, up from 3.14 million tonnes a year earlier
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